Professional Co-op Ready for
For Sale
$499,000
200 N Village Ave 101A, Rockville Centre, NY 11570
Turnkey 1,700 SF professional co-op with flexible use.
Property Size1,700 SF
Price / SF$293.53
Days on Market139
Property Features for 200 N Village Ave 101A
General Information
Standard status
Active
Size
1,700 SF
Property subtype
Commercial
Building Details
Building Size
1,700 SF
Year Built
1950
Stories
1
Listing Agency:
Douglas Elliman
Listed By:
Jessica Hollenstein · License #10401265478
(516) 522-4969
Source:
Elliman
Added: Apr 24
Changed: Sep 4
Last Checked: Sep 8 at 5:32AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman
Investment Insights
Based on property information with market context.
This 1,700 square foot ground-level professional co-op features a double-entrance layout suitable for attorneys, medical users, therapists, psychiatrists, and similar professional practices. The space includes seven private offices or treatment rooms, a reception office, a dedicated waiting area, two restrooms, and a storage room. The unit is located in an established, high-traffic area and benefits from strong visibility and convenient on-street parking. The space is fully built out, well maintained, and ready for immediate occupancy. Currently operating as a quiet therapy counseling office, the space offers flexible use, allowing a new professional to customize the space as needed. The bike score is 43, indicating it is somewhat bikeable. The walk score is 33, indicating car-dependent accessibility, and the transit score is 41, indicating some transit options. The monthly maintenance is $2,458.
Key Highlights
- Turnkey, fully built‑out professional space ready for immediate occupancy
- Ideal layout with seven private offices/treatment rooms, reception area, and waiting area
- Double‑entrance, ground‑level access
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,824
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$596,480
$596.5K
Cap Rate 7%
$426,057
$426.1K
Cap Rate 9%
$331,378
$331.4K
Market Conditions
NOI Build-Up for 1,700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$57.7K $33.96/SF
− Vacancy
−$8.0K −$4.72/SF
EGI
$49.7K $29.24/SF
− OpEx
−$19.9K −$11.70/SF
NOI
$29.8K $17.54/SF
Area
Nassau County, NY
Vacancy
13.90%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$596,480
Cap Rate 7%
$426,057
Cap Rate 9%
$331,378
Alternative Uses
Best Use
Healthcare Medical
$426.1K
$372.8K – $497.1K
NOI $29,824 @ 7.0% cap · market cap 5.98%
Second Best
Office B
$417.6K
$365.4K – $487.2K
NOI $29,232 @ 7.0% cap · market cap 5.86%
Theoretical Best
Specialty Retail
$1.12M
$983.5K – $1.31M
NOI $78,680 @ 7.0% cap · market cap 15.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,734
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11570, NY
29,023
Population
11,368
Households
2.6
Avg Household Size
42
Median Age
62%
College-Educated
95%
High-School Grad
3.6 sq mi
ZIP Area
8,062
Density / Sq Mi
$147,784
Median Household Income
$91,332
Median Earnings
$1,804
Median Rent
$786,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey 1,700 SF professional co-op with flexible use.
Where is this medical office space located?
The property is located at 200 N Village Ave 101A Rockville Centre, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Turnkey, fully built‑out professional space ready for immediate occupancy; Ideal layout with **seven private offices/treatment rooms**, reception area, and waiting area; Double‑entrance, ground‑level access
